Thursday, January 7, 2016

January 7, 2016 - Crisis at online grocery delivery startup Localbanya grows; employees took to social media to share their frustration

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Is the Internet a public good? It's a question worth asking. This article analyzes the factors involved in governments deciding what constitutes a public good and thus what deserves a subsidy. Studies show that a 10% increase in internet penetration in India can increase the GDP by 1.6%. While the article argues that one cannot just assume that providing free internet will lead to productive use of it, one should not underestimate the curiosity and intelligence of the common person. Case in point is this beautiful TED talk by Sugata Mitra where he talks about his Hole in the Wall project. Young kids in this project figured out how to use a PC on their own - and then taught other kids - Comment


Digital

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Digital
Netflix launches in India; basic monthly subscription at Rs 500
Netflix Inc, the world’s largest independent video streaming company, has launched its service in India as part of a wider international expansion.


Digital
BSNL to set up 40,000 WiFi hotspots across India to make up for the lack of its own 4G services
BSNL to set up 40,000 WiFi  hotspots across India to make up for the lack of its own 4G services
State run telco and internet provider BSNL is working on setting up 40,000 WiFi hotspots across the country to make up for the lack of its own 4G services, reports NDTV. As of now, BSNL claims to have deployed 500 WiFi hotspots, with the plan to increase it to 2,500 by the end of this financial


Digital
MobiKwik introduces ‘Bill Push’ for faster payments
Get your dine-in restaurant and retail chain bills pushed to MobiKwik App for faster payments


Digital
Bangalore-based car care service startup Pitstop grabs funding from Myntra, Livspace founders
Bangalore-based Chatpay Commerce Pvt Ltd, a venture floated by co-founder of AngelPrime-backed kids apparel firm Unamia that had shut in 2014, has raised an undisclosed amount in angel funding from founders of Myntra and Livspace for its online car servicing platform Pitstop.


Retail
This Nagpur-based startup is bringing a hybrid shopping experience to small towns
This  Nagpur-based startup is bringing a hybrid shopping experience to small towns - YourStory.com
The Indian retail sector will be a $1-trillion industry by 2020 with the e-commerce share being $60 billion. Yet, Indian retail remains an unorganised sect

Retail
Flipkart's fundraising spree: Online retail giant starts talks with investors to raise $1.4 billion
Flipkart's fundraising  spree: Online retail giant starts talks with investors to raise $1.4 billion - Economic Times
Flipkart has started talks with investors to raise about $1.4 billion (Rs 9,200 crore), four people aware of the development said, as it keeps up its fundraising spree.

Retail
Amazon to enter the Rs 20 lakh crore Indian grocery jungle in February
Amazon to enter  the Rs 20 lakh crore Indian grocery jungle in February - Financial Express
Having stolen a clear lead over its peers during the Diwali sales, Amazon is readying for an official launch of its grocery arm Kirana Now next month.

Retail
Logistics to be the game changer for e-commerce in 2016
Logistics to be the game changer  for e-commerce in 2016 - YourStory.com
How have e-commerce majors built a ground for advancement in logistics in 2016? How will this year pan out for Indian e-commerce in terms of logistics?


Telecom
Lack of infrastructure investment by telcos causing call drops: TRAI
Lack of  infrastructure investment by telcos causing call drops: TRAI - Daily News Analysis
Lack of infrastructure investment by telcos causing call drops: TRAI - TRAI has said in its affidavit that the telcos have to compensate a consumer only when the call originates from its network and is dropped within its network.


Telecom
Will India win net neutrality battle?
Will India win net neutrality  battle? - Governance Now
Snippy open letter to US giant over Free Basics in India


Telecom
Facebook has a history of being non-transparent: Vishal Misra
Facebook has a  history of being non-transparent: Vishal Misra - Governance Now
Facebook has a history of being non-transparent: Vishal Misra


Telecom


Finance
Sensex plunges 300 points on China woes, Nifty50 tests 7,650
Sensex plunges 300 points on  China woes, Nifty50 tests 7,650 - Economic Times
The S&P BSE Sensex plunged over 300 points in morning trade on Thursday, after trading in the Chinese markets halted for the second time this week.


Finance
Vodafone India appoints Rahul Bhagat as adviser for payments bank
Vodafone India appoints Rahul  Bhagat as adviser for payments bank - Economic Times
Vodafone India has appointed former HDFC Bank executive Rahul Bhagat as an adviser to conceptualise its payments bank.


Finance
Mutual funds: the ugly duckling among savings instruments
Mutual funds: the ugly duckling  among savings instruments - Livemint
Mutual fund assets grew two-and-a-half times the pace of bank deposit growth in 2015, but they have a long way to go in being the savings instrument of choice


Finance
Bitcoin wallet company Zebpay raises $1 million
Bitcoin wallet company Zebpay  raises $1 million - Livemint
Zebpay raises funds in series-A round led by investor Arjun Handa, vice president of Claris Life Sciences




Software
Why India's TCS is better off losing bid for Dell's Perot Systems?
Why India's  TCS is better off losing bid for Dell's Perot Systems? - DEALSTREETASIA
Tata Consultancy Services, an India-based information technology consulting firm, has resumed negoti


Software
How can we connect India without Free Basics?
How can we connect India without  Free Basics?
In the wake of massive protests against Facebooks Free Basics service, ET takes a look at the alternative methods to ensure internet connectivity for all.


Software
Gov't to discuss India's startup action plan with 2,000 new-age ventures, 40 CEOs, and venture capitalists- Daily News Analysis
Gov't to discuss India's  startup action plan with 2,000 new-age ventures, 40 CEOs, and venture capitalists- Daily News Analysis
Softbank, Uber CEO, other top businessmen to discuss India's start-up action plan - The government on January 16 is holding a day-long session on start-ups where around 2,000 new-age ventures, 40 CEOs, and venture capitalists are likely to participate.


Software
Facebook's 'emotional contagion' study by deliberately crashing its Android app faces anger from users
Facebook's 'emotional  contagion' study by deliberately crashing its Android app faces anger from users  - Firstpost
Facebook, in order to test the limits of consumer patience and the loyalty of Android smartphone users, crashed its app repeatedly, a report said. According to a report published on tech news website, The Information, on Tuesday, the company intentionally crashed the app multiple times to test how much their user base would put up with constant app crashes.



Ecommerce
Online retail giant Flipkart starts talks with investors to raise $1.4 billion; tries to cement its leadership in the online retail market
Flipkart has started talks with investors to raise about $1.4 billion (Rs 9,200 crore), four people aware of the development said, as it keeps up its ..

Ecommerce
PlanMyMedicalTrip raises Rs.1.25 crore in funding from three angel investorsBhanu Vikram Parsotam, Rohan Desai and Paras Patel
PlanMyMedicalTrip raises `1.25 crore in funding from three angel investors—Bhanu Vikram Parsotam, Rohan Desai and Paras Patel

Ecommerce
Uber partners Invest India to mentor entrepreneurs; to host a series of six leadership talks by senior executives on different challenges
Uber will host a series of six leadership talks by senior executives on different challenges that entrepreneurs face when founding their own company

Ecommerce


Franchise

Franchise


HR
Monsanto expands cost-cutting plan to eliminate 1000 jobs
Monsanto expands cost-cutting  plan to eliminate 1000 jobs - Times of India
Monsanto says it will eliminate another 1,000 jobs as it expands a cost-cutting plan designed to deal with falling sales of biotech-corn seeds and other financial pressures. The additional layoffs will bring the company's planned total cuts to 3,600 jobs.


HR
GAIL (India) Ltd is looking for Graduate Engineer Trainees
GAIL (India) Ltd is looking for  Graduate Engineer Trainees - India Today
GAIL (India) Ltd., New Delhi has invited applications for recruitment of Graduate Engineer Trainees (GETs).


HR
Centre approves 33% quota for women recruits in central police forces
Centre approves  33% quota for women recruits in central police forces - Hindustan Times
Home minister Rajnath Singh on Tuesday cleared a plan to introduce 33% quota for women in central police forces, a move that could nudge the states to set aside posts for women in their police forces too.


HR
How to stop procrastinating
How to stop procrastinating -  Times of India
It all comes down to one thing: fear



Logistics
India to skip compliance to BS-V emission norms; will directly move to BS-VI
India to skip  compliance to BS-V emission norms; will directly move to BS-VI - Daily News Analysis
India to skip compliance to BS-V emission norms; will directly move to BS-VI - Earlier, a meeting of an inter-ministerial group, including representatives of Ministries of Road Transport and Highways, Petroleum, Heavy Industries and Environment and Forests, was unable to reach a consensus.


Logistics
GST may consider discounts by retailers; Special Additional Duty ( SAD) of 4% will be replaced by GST and later reimbursed leading to lesser outflow of tax
The draft Model GST Act, which is being finalized by the government, is likely to alleviate a major concern of retailers as the proposed goods and


Logistics
GST roll-out deadline likely to be pushed back to April 1, 2017
GST roll-out deadline likely to  be pushed back to April 1, 2017 - Daily News Analysis
GST roll-out deadline likely to be pushed back to April 1, 2017 - Set to be April 1, 2017, announcement in upcoming Budget session


Logistics
New FICCI chief bats for GST, rate cut, demand push
New FICCI chief bats for GST,  rate cut, demand push - Business Standard
Industry continues to be optimistic even though economic growth lags expectations, said Neotia, the newly elected president of Ficci



Construction
Muncipal commissioner Sunil Kendrekar asks property owners in Aurangabad to get occupancy certificates
Muncipal commissioner Sunil  Kendrekar asks property owners in Aurangabad to get occupancy certificates - ET Realty
Municipal commissioner Sunil Kendrekar said civic officials will visit houses and commercial complexes to check occupancy certificates. We will impose..


Construction
Contractors go slow on the work raising fears of delay in Kochi smart city inaugural
Contractors go  slow on the work raising fears of delay in Kochi smart city inaugural - ET Realty
It's now the turn of contractors, who have not been paid amounts running into crores by project authorities, to go slow on the work, raising fears tha..


Construction
Four-lane Bareilly-Badaun highway to be finished by next month
Four-lane Bareilly-Badaun  highway to be finished by next month - ET Realty
The four-lane road would be 44.80 kilometres long. Already 20 kilometres in Bareilly and 19 kilometres in Badaun has been constructed till now. “The..


Construction
Government to use Sand from rivers to construct national highways
Government to  use Sand from rivers to construct national highways - ET Realty
Meanwhile, the Cabinet, chaired by Prime Minister Narendra Modi, has approved the proposal for taking up Hybrid Annuity based Public Private Partnersh..



Marketing

Marketing

Marketing
Maruti Innovates on Digital to promote New Baleno : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
Top Creative Minds Share How Visual Content On Digital Evolved In 2015
Top Creative  Minds Share How Visual Content On Digital Evolved In 2015 - Lighthouse insights
2015 can be safely renamed as the year of content for the marketer. Ask any marketer and he will definitely say that Video played the major role. With product taking backstage and storytelling play…



Politics
Despite Bihar debacle and differences with RSS, Amit Shah to be re-elected as BJP president
Despite Bihar debacle and differences with RSS,  Amit Shah to be re-elected as BJP president
Despite the Bihar poll debacle, Amit Shah is most likely to be re-elected as BJP president later in January.


Politics
Tamil Nadu politics: DMK bangs tin drum on Chennai floods, Jayalalithaa rolls out Pongal bonanza
Tamil Nadu politics: DMK bangs tin drum on Chennai floods,  Jayalalithaa rolls out Pongal bonanza
The Opposition hopes to make a dent by beating a tin drum of all that Jaya's got wrong, the common man in some corner of Tamil Nadu is most likely talking politics over a steaming Amma idli or popping a pill from an Amma pharmacy. We bring you a slice of the backstory.


Politics
BJP was ‘hijacked by some people in Bihar who played deaf-mute’: Shatrughan Sinha
BJP was ‘hijacked by some people in Bihar  who played deaf-mute’: Shatrughan Sinha
Actor turned politician Shatrughan Sinha's book launch turned out to be a rage fest against the BJP leadership, with L K Advani, Yashwant Sinha and Kirti Azad dominating. The launch function of Sinha’s biography Anything but Khamosh gave party elders another forum to hit out against the 'mismanagement' of the Bihar elections. - Firstpost


Politics
Smriti Irani in Assam on zero impact of Manmohan
Smriti Irani in Assam on zero impact of Manmohan
While addressing a rally at Lakhimpur in Assam today, Union HRD Minister Smriti Irani alleged that Assam is plagued by multiple challenges despite being represented by a two-time Prime Minister Manmohan Singh in the Rajya Sabha.



Sports
Virat Kohli is cricketer of the year, lifetime honour for Syed Kirmani
Virat Kohli is cricketer of the year, lifetime honour for Syed  Kirmani
Virat Kohli said that the greatest moment of his career so far is the Test series in Australia.


Sports
MCA to give Rs 10, 000 per month to Pranav Dhanawade for his 1, 009-run knock
MCA to give Rs 10, 000 per month to Pranav Dhanawade  for his 1, 009-run knock
Pranav Dhanawade became the first cricketer to score 1000 runs in a single innings on Tuesday.


Sports
Chennai Open 2016: No country to call home for Aljaz Bedene
Chennai Open 2016: No country to call home for Aljaz Bedene
Despite being Britain’s second best player, Slovenia born athlete has not been permitted to represent his adopted homeland.


Sports
RUMOURS: Guardiola wants FOUR key signings at Manchester City
RUMOURS: Guardiola wants FOUR key signings at Manchester City
Pep Guardiola wants David Alaba, Gerard Pique, Lionel Messi and Paul Pogba to join him at Manchester City.



Entertainment
Bollywood salutes ‘musical maestro’ A.R. Rahman on birthday
Bollywood salutes ‘musical maestro’ A.R. Rahman  on birthday
Saluting A.R. Rahman on his 49th birthday on Wednesday (January 6), Bollywood celebrities including Lata Mangeshkar have wished the music maestro.


Entertainment
Farhan Akhtar starrer ‘Rock On 2’ to release on November 11
Farhan Akhtar starrer ‘Rock On 2’ to release on  November 11
Farhan Akhtar and Arjun Rampal starrer musical drama "Rock On 2" will release on November 11.


Entertainment
Happy Sanjay Dutt will be a free man again: Bollywood celebrities
Happy Sanjay Dutt will be a free man again: Bollywood  celebrities
Filmmakers like Sanjay Gupta, Mukesh Bhatt among others have expressed happiness that actor Sanjay Dutt will finally walk out of jail this February.


Entertainment
What Deepika Padukone Has Shown Bollywood
What Deepika Padukone Has Shown Bollywood
Deepika Padukone turned 30 yesterday, just as two of her films, Tamasha and Bajirao Mastani are making waves - yes, for their story-telling and cinematic excellence but also for the beauty, talent and vulnerability that this iconic actress has brought to her roles in them.




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